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Vol 49765.96m
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Bureau of Internal Revenue

Philippines to impose 12% VAT on foreign digital services
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2 October, 2024

Philippines to impose 12% VAT on foreign digital services

Philippine President Ferdinand "Bongbong" Marcos Jr. has officially signed Republic Act 112023, mandating a 12% VAT on digital services provided...
Philippine finance chief urges tax bureau to drive revenue growth through digitalization
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15 August, 2024

Philippine finance chief urges tax bureau to drive revenue growth through digitalization

The Philippines' finance secretary has underscored the role of the Bureau of Internal Revenue in ensuring the government meets its...
Digitalization to play important role in Philippines’ new tax law
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27 February, 2024

Digitalization to play important role in Philippines’ new tax law

While Philippine Senator Sherwin Gatchalian agreed to the need to utilize blockchain tech cautiously, tax advisor Mon Abrea emphasized the...
Philippines: Kroptoken, Calcoins founder charged with tax evasion
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11 November, 2022

Philippines: Kroptoken, Calcoins founder charged with tax evasion

Joseph Calata and his business entities have accumulated a total aggregate liability of over $6.8 million with the matter instituted...
Philippines finance secretary urges BIR and BoC to embrace digitization
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3 August, 2022

Philippines finance secretary urges BIR and BoC to embrace digitization

Benjamin Diokno allayed the fears of citizens by stating that there would be no increase in taxes. Rather the agencies...
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